Trump Proposes U.S. Strategic Cryptocurrency Reserve to Bolster Economic Stability
The plan includes Bitcoin and other cryptocurrencies, aiming to position the U.S. as a leader in digital assets despite concerns over volatility and funding challenges.
- President Donald Trump announced a proposal to establish a U.S. strategic cryptocurrency reserve, including Bitcoin, Ethereum, Solana, XRP, and Cardano.
- The initiative seeks to diversify national reserves, hedge against monetary instability, and integrate digital assets into the U.S. financial system.
- Critics highlight the risks of cryptocurrency volatility and the potential cost of building such a reserve, with Bitcoin alone currently valued at over $109,000 per coin.
- The U.S. government already holds approximately 198,109 Bitcoin, largely seized from criminal activities, which could serve as a starting point for the reserve.
- The proposal faces political and financial hurdles, including a lack of congressional support and skepticism about its strategic benefits and implementation feasibility.